Cobinhood Exchange ReviewCentralized
UPDATE: May 20, 2019 – Cobinhood has performed an exit scam, filing for bankruptcy and stealing the money of their investors. Cointelligence will update their score from 6 to zero, and will leave the rating live until matters with the exchange have been resolved.
Cobinhood is a cryptocurrency exchange / digital asset platform with its own platform, utility token, namely Cobinhood (Ticker symbol: COB). A Cobinhood exchange review reveals that COB token is based on the ERC20 token standard and has a total supply of 1 billion tokens. COB tokens seem to have various use cases. Users can pay in COB tokens to qualify for 50% off margin trading loan interest or 50% off withdrawal fees. It also seems that COB tokens received as payment for withdrawal fees get burned on a quarterly basis.
A Cobinhood exchange review also shows that COB tokens held in Cobinhood exchange accounts, qualify holders for substantial savings when it comes to the ICO tokens that get underwritten by Cobinhood. COB tokens are also required for trading contests and to join airdrops via Cobinhood’s Airdrop Center. In addition, the transfer of COB tokens from one Cobinhood account to another seems to be free of charge.
The Cobinhood website seems to be available in various languages, including English. A Cobinhood exchange review also reveals that they reward both referrers and referrals. They get rewarded in the form of “Candy Machine” tickets. The tickets can be used at Cobinhood’s “Candy Machine” to win free BTC, ETH and other digital assets / cryptocurrencies.
This crypto exchange seems to offer an instant listing service to ERC20 tokens, where the listing of a token can be finalized in 1 day in a 1 click process. They also offer various ways to get “free” tokens, investment tools and other services.
24h Trading Volume6.706 BTC
Cobinhood Exchange Review
BTC – 0.001 BTC
ETH – 0.007 ETH
Full list of fees can be found here
Cobinhood Deposit feesFree
Cobinhood Trading fees
Accepted Payment MethodCrypto to Crypto, Crypto to FIAT